October 5, 2023

On Thursday the S&P 500 was down 0.1% while Toronto managed a 0.5% gain.

I notice PepsiCo was down 5.2% and it has been sliding for some months. Possibly people are finally cutting back on soft drinks and snacks. I saw a story on BNN this morning that the weight loss drug Ozempic (it suppresses appetite)  is actually having a noticeable impact on snack food sales. Not sure I believe that but time will tell.

 

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